Nippon Denko Co., Ltd.
Notice Regarding Disposal of Treasury Stock as Restricted Stock Compensation
On May 25, 2026, 91,800 shares of treasury stock will be disposed of at 422 yen per share, totaling 38,739,600 yen, and granted as restricted stock compensation to 16 directors and officers.
Key Figures
- Number of shares disposed: 91,800 shares
- Total disposal amount: 38,739,600 yen
- Restriction period: May 25, 2026 – May 25, 2046 (20 years)
AI要約
Overview of Treasury Stock Disposal
Shinnihon Denko Co., Ltd. resolved to dispose of 91,800 shares of treasury stock at 422 yen per share, totaling 38,739,600 yen, on May 25, 2026, under the restricted stock compensation plan. The recipients include 16 individuals composed of directors (excluding outside directors), executive officers, and auditors, to whom shares will be allocated. This disposal is part of an incentive program aimed at sustainable enhancement of corporate value and sharing shareholder value.
Details of Restricted Stock Compensation Plan and Share Management
The transfer restriction period is 20 years (May 25, 2026 – May 25, 2046), during which transfer and pledge are prohibited. If a recipient leaves office due to expiration of term, retirement age, etc., the number of shares for which the transfer restriction will be lifted is determined based on the length of service, and any shares for which the restriction is not lifted will be acquired by the company without consideration. The shares are managed in a dedicated account at Nomura Securities, and procedures for handling in case of corporate reorganization are also specified.
Shinnihon Denko Co., Ltd.
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